Pictet Asset Management Holding SA raised its holdings in shares of Nu Holdings Ltd. (NYSE:NU - Free Report) by 39.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,791,418 shares of the company's stock after buying an additional 1,071,368 shares during the period. Pictet Asset Management Holding SA owned about 0.08% of NU worth $39,279,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in NU. LRI Investments LLC lifted its position in shares of NU by 3.1% during the 3rd quarter. LRI Investments LLC now owns 24,983 shares of the company's stock valued at $341,000 after acquiring an additional 743 shares during the last quarter. Coldstream Capital Management Inc. boosted its position in shares of NU by 3.1% in the 3rd quarter. Coldstream Capital Management Inc. now owns 26,517 shares of the company's stock valued at $362,000 after purchasing an additional 801 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in NU by 1.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 69,110 shares of the company's stock worth $716,000 after purchasing an additional 1,000 shares in the last quarter. Arkfeld Wealth Strategies L.L.C. raised its holdings in NU by 2.0% during the 4th quarter. Arkfeld Wealth Strategies L.L.C. now owns 52,245 shares of the company's stock worth $579,000 after buying an additional 1,000 shares during the period. Finally, Blue Trust Inc. lifted its stake in NU by 4.9% during the fourth quarter. Blue Trust Inc. now owns 21,784 shares of the company's stock valued at $226,000 after buying an additional 1,011 shares in the last quarter. 84.02% of the stock is currently owned by institutional investors.
NU Stock Down 6.8 %
NU traded down $0.70 on Friday, reaching $9.57. 93,554,639 shares of the company traded hands, compared to its average volume of 38,672,418. Nu Holdings Ltd. has a 52-week low of $9.02 and a 52-week high of $16.15. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. The company has a market cap of $45.61 billion, a price-to-earnings ratio of 23.93, a PEG ratio of 0.48 and a beta of 1.14. The stock's 50 day moving average price is $11.87 and its 200-day moving average price is $12.62.
NU (NYSE:NU - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12. NU had a net margin of 17.12% and a return on equity of 30.99%. The business had revenue of $2.99 billion for the quarter, compared to analysts' expectations of $3.17 billion. On average, sell-side analysts expect that Nu Holdings Ltd. will post 0.58 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on NU shares. Barclays dropped their target price on shares of NU from $17.00 to $15.00 and set an "overweight" rating on the stock in a research report on Monday, February 24th. UBS Group decreased their price objective on shares of NU from $15.50 to $15.00 and set a "neutral" rating for the company in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. cut their target price on shares of NU from $15.00 to $14.00 and set a "neutral" rating on the stock in a research note on Monday, February 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $15.47.
Get Our Latest Report on NU
NU Profile
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Free Report)
Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.
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